Agreed. However, it could also be because they foresee the coming inflation storm.

1. Inflation begins modestly.
2. People realize their savings are being eroded.
3. People buy PMs and take possession. Countries begin to buy/sell commodities using PMs instead of dollars.
4. PM prices go ballistic as no holder wants to sell and the secret is out, “there is far more paper PM than physical”.
5. People, corporations, and countries buy anything that will hold value. Capital goods, food, RE, metals, vehicles. At this point the economy looks great! Unemployment down, GDP up, Happy Days Are Here Again!
6. SERIOUS inflation commences as all the fiat savings is spent and velocity goes ballistic.
7. The world economy crashes as governments and borrowers default. At this point, inflation in food and fuel has impoverished the masses.
8. Severe civil unrest as the entitled and those on fixed incomes become much more poor.
9. War? Revolution(s)? Dogs and cats living together? Real Old Testament Stuff?

Just like the book, “This Time Its Different”. Debt and debasement of currencies always end the same way.